Skip main navigation
For sale
  • $3,800,000

    21 Penny Ln, Santa Rosa Beach, FL 32459

    10beds
    5,992sqft
    : 
    $23,711/mo
    Get pre-qualified
    Single Family Residence
    Built in 2022
    0.25 Acres Lot
    $3,545,100 Zestimate®
    $634/sqft
    $-- HOA

    What's special

    Private resort-style swimming poolIntegrated elevatorSpa-inspired designer tileQuartz surfacesExpansive quartz countersHigh-end finishesBuilt-in gas grill
    Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.
    22 days
    295
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Mary A Richards 850-502-6035,

    Compass Florida, LLC

    Source: CPAR,MLS#: 795093MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 11
      • Full bathrooms: 9
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Recreation, Bonus Room
      Bedroom
      • Level: First
      • Dimensions: 13.17 x 15.33
      Bedroom
      • Level: First
      • Dimensions: 14.17 x 14.67
      Bedroom
      • Level: First
      • Dimensions: 13.58 x 14.25
      Bedroom
      • Level: Second
      • Dimensions: 14.75 x 18.75
      Bedroom
      • Level: Second
      • Dimensions: 14.67 x 14.67
      Bedroom
      • Level: Third
      • Dimensions: 14.58 x 18.75
      Bedroom
      • Level: Third
      • Dimensions: 14.33 x 11.42
      Bedroom
      • Level: Third
      • Dimensions: 14.33 x 13.17
      Bonus room
      • Level: Third
      • Dimensions: 23.33 x 12
      Kitchen
      • Level: Second
      • Dimensions: 18.42 x 18.67
      Living room
      • Level: Second
      • Dimensions: 25.17 x 19.9
      Recreation
      • Level: First
      • Dimensions: 31.83 x 19.9
      Heating
      • Central, Fireplace(s), Heat Pump, Zoned
      Cooling
      • Central Air, Ceiling Fan(s), Heat Pump, Multi Units, Zoned
      Appliances
      • Included: Electric Cooktop, Electric Oven, Gas Cooktop, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater, Wine Cooler
      Features
      • Balcony, Double Vanity, Main Level Primary, Smart Home, Separate Shower, Smart Thermostat, Walk-In Closet(s)
      • Doors: Insulated Doors
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Gas
      Interior area
      • Total structure area: 5,992
      • Total interior livable area: 5,992 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Circular Driveway
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Balcony, Deck, Covered, Porch
      • Exterior features: Barbecue, Deck, Outdoor Kitchen, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Gunite, Gas Heat, In Ground, Salt Water, Private
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 0.25 Acres
      • Dimensions: 110.0 ft x 100.0 ft
      • Features: Sprinkler System, Paved
      Details
      • Parcel number: 023S20341600000254
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • Steel Frame, Stucco, Wood Frame
      • Roof: Tile
      Condition
      • New construction: No
      • Year built: 2022

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: Barbecue, Short Term Rental Allowed
      • Security: Smoke Detector(s)
      • Subdivision: [No Recorded Subdiv]
      HOA
      • Has HOA: No
      Location
      • Region: Santa Rosa Beach

      Financial & listing details

      • Price per square foot: $634/sqft
      • Tax assessed value: $3,039,315
      • Annual tax amount: $26,363
      • Date on market: 9/6/2026

        Estimated market value

        $3,545,100

        $3.37M - $3.72M

        Not available

        Price history

        DateEventPrice
        8/29/2026Listed for sale$3,800,000-3.8%$634/sqft
        Source: ECAOR #1010814 Report a problem
        3/19/2026Listing removed$3,950,000$659/sqft
        Source: ECAOR #985492 Report a problem
        2/4/2026Price change$3,950,000-4.8%$659/sqft
        Source: ECAOR #985492 Report a problem
        9/16/2025Listed for sale$4,150,000-7.8%$693/sqft
        Source: ECAOR #985492 Report a problem
        11/22/2023Sold$4,500,000-2.2%$751/sqft
        Source: ECAOR #901990 Report a problem
        10/16/2023Pending sale$4,599,999$768/sqft
        Source: ECAOR #901990 Report a problem
        8/28/2023Price change$4,599,999-1.1%$768/sqft
        Source: ECAOR #901990 Report a problem
        8/7/2023Price change$4,650,000-2.1%$776/sqft
        Source: ECAOR #901990 Report a problem
        7/18/2023Price change$4,750,000-2.1%$793/sqft
        Source: ECAOR #901990 Report a problem
        5/2/2023Price change$4,850,000-2%$809/sqft
        Source: ECAOR #901990 Report a problem
        3/14/2023Price change$4,950,000-2.9%$826/sqft
        Source: ECAOR #901990 Report a problem
        3/12/2023Price change$5,100,000+8.5%$851/sqft
        Source: ECAOR #901990 Report a problem
        2/2/2023Price change$4,699,000-1.1%$784/sqft
        Source: ECAOR #901990 Report a problem
        12/8/2022Price change$4,750,000-4%$793/sqft
        Source: ECAOR #901990 Report a problem
        11/26/2022Price change$4,950,000-3.9%$826/sqft
        Source: ECAOR #901990 Report a problem
        11/9/2022Price change$5,150,000-1.9%$859/sqft
        Source: ECAOR #901990 Report a problem
        10/18/2022Price change$5,250,000-4.5%$876/sqft
        Source: ECAOR #901990 Report a problem
        10/8/2022Price change$5,499,999-3.4%$918/sqft
        Source: ECAOR #901990 Report a problem
        8/22/2022Price change$5,695,000-5%$950/sqft
        Source: ECAOR #901990 Report a problem
        7/20/2022Price change$5,995,000-4.1%$1,001/sqft
        Source: ECAOR #901990 Report a problem
        7/13/2022Price change$6,250,000-2.3%$1,043/sqft
        Source: ECAOR #901990 Report a problem
        6/24/2022Listed for sale$6,400,000+75.3%$1,068/sqft
        Source: ECAOR #901990 Report a problem
        4/22/2022Sold$3,650,000-8.6%$609/sqft
        Source: ECAOR #885671 Report a problem
        11/11/2021Pending sale$3,995,000$667/sqft
        Source: ECAOR #885671 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$27,462 -16.6%$3,039,315 -15.7%
        2024$32,938 +13.1%$3,605,971 +12.5%
        2023$29,114 +972.1%$3,204,119 +993.4%
        2022$2,716 +78%$293,040 +85.9%
        2021$1,526 $157,630
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32459

        Getting around

        41 / 100
        Car-Dependent
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Van R Butler
        • Middle: Emerald Coast
        • High: South Walton

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts